National Bank of Greece SA (ETE GA): Lars Feld, a member of
German Chancellor Angela Merkel’s council of economic advisers,
said a restructuring of Greek debt is “necessary,” Frankfurter
Allgemeine Sonntagszeitung reported, citing an interview.

Separately, Greek Finance Minister George Papaconstantinou
said there’s no official proposal to extend the maturity of
European Union loans to Greece and Ireland to 30 years, Ta Nea
newspaper reported, citing an interview.